When a Chicken Isn’t Just a Chicken
We are reminded time and again that prices emerge from subjective valuation, not objective criteria.
Mises Wire
Gen Z’s Economic Disadvantage and What They Can Do About It
What should the younger generation do about their economic difficulties? First, learn economics—real economics. Learn logic and, math. Unlike other disciplines, correct economics does not change with trends. It helps you understand the world, predict outcomes, and make better decisions.
Inflation, Communication, and Noise
If prices are instrumental in providing needed information to market participants, then inflation can be seen as introducing static into the system, creating more uncertainty and leading to bad choices.
McMahan On Killing in War
In this week’s Friday Philosophy, Dr. David Gordon discusses Jeff McMahan’s thoughts on fighting in both just and unjust wars. “Just following orders” is still immoral when one is promoting a war unjustly carried out.
Why Representative Democracy Is Obsolete
The word “democracy” is almost sacrosanct in modern society, yet what advocates call “our democracy” is not what it claims to be. Real democracy can be found in the workings of the free market, not the political halls.
A Very Brief History of Taxation and the State
It is important to note that states and what we know as taxes gradually emerged through war, conquest, plunder, and tribute. While the organization has changed and become formalized over time, states and taxes have not lost their coercive character.
The Next Food Pyramid: Lab-Grown Meat and the New Moral Orthodoxy
The anti-meat movement has influenced government policy well beyond anything close to the truth about meat. From the discredited food pyramid to government funding of “lab-grown meat,” government aids the activists who are making our lives worse.
A Look Behind the Fed’s Curtains
Jonathan Newman was present as one of the Federal Reserve governors gave a talk and was able to ask questions. It seems there is not much behind the Fed’s technocratic veneer.
Why Trump’s Populism Failed
The conservatives finally got their populist victory for middle-American working-class voters. The result is more federal spending, more federal power, and Israel-first foreign policy.
Trump’s Foreign Policy in Latin America and the Caribbean Needs a Strategic Reset
President Trump is not only angering Iranians and most of Europe. He also is making new enemies in both North and South America. Perhaps it is time for policy reset.
